Oaktree Capital’s Howard Marks buys 4 Amagansett parcels for $35M

Tri-State /
May.May 23, 2019 04:07 PM

Howard Marks, the billionaire co-founder of Oaktree Capital Management, has bought for $35 million four properties in Amagansett from Barbara Zuckerberg, the ex-wife of former Goldman Sachs executive Roy Zuckerberg, according to the New York Post. The quartet of East End properties — 5, 7 and 9 Tyson Lane, along with 310 Further Lane — sit behind a Further Lane property that Marks bought for $30 million in 2010 from television personality and former advertising industry titan Donny Deutsch. Two of the Tyson Lane parcels are developed and sold for $15 million and $8.75 million, according to 27east, which didn’t note their respective addresses. The third Tyson Lane parcel and the one on Further Lane are empty. Those two sold for $8.75 million and $2.5 million, respectively. The Tyson Lane properties collectively make up 3.4 acres, while the 310 Further Lane property is eight acres of agricultural reserve. The Post noted that the Zuckerbergs, now divorced, bought their former Tyson Lane compound in 1999 for $7 million from developer Bruce Ratner. At the time, the property hosted a Francis Fleetwood-designed home that was moved in 2005 to a nearby lot on Tyson Lane. [NYP]


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